North Peak Resources Ltd. (TSX-V: NPR) (OTCQB: NPRLF) is pleased to announce that drilling has commenced at its 100%-owned Prospect Mountain Mine Complex in Eureka County, Nevada.

The first and larger of the reverse circulation drill rigs has arrived on site and is now operating. A second, smaller RC rig and a diamond drill rig are expected to arrive later in September. The campaign is expected to continue into November and will target five separate areas across the Property, with a total planned program of approximately 7,000 metres of drilling.

“We are pleased to have drilling underway again at Prospect Mountain, building on the success of the 2024 and 2025 drill programs. This year’s program is opening up many new areas of the Property to drilling for the first time, while also following up on certain key areas outlined in previous exploration campaigns,” stated Rupert Williams, CEO.

As part of the campaign, the Company will target the deep sulphide anomaly previously identified at Prospect Mountain with diamond drilling. The RC rig will be used to pre-collar the initial 1,000 feet of several holes, targeting prospective oxide material around the existing underground infrastructure. These holes will then be completed with diamond drilling to test the sulphide target and geophysics anomalies.

Groundwork is ongoing, with 13 pads completed and a further 7 still to be constructed which are along the more challenging road currently being constructed across the mountain ridge. The rig required for this area is not expected to be available until September.

In addition, the Company can confirm that the water well is working well and a frac tank has been set up to support the water needs of the drill campaign — providing a cost-effective water source for drilling and dust mitigation.

About North Peak

The Company is a Canadian-based gold exploration and development company listed on the TSX Venture Exchange under the symbol “NPR” and the OTCQB under the symbol “NPRLF”. Launched by the founding team behind both Kirkland Lake Gold and Rupert Resources, the team has a strong track record of acquiring mining assets, applying modern exploration techniques and taking them into operational mines.

North Peak’s flagship property is the Prospect Mountain Mine Complex which lies in the Battle Mountain-Eureka trend, in an area known as the Southern Eureka Gold Belt, where three styles of mineralization have been identified, gold, silver Carlin style mineralization, Carbonate Replacement gold, silver, lead, zinc mineralization (CRD); and carbonate hosted Porphyry Related Skarn lead, zinc and gold mineralization associated with cretaceous intrusions. At the Property, the CRD mineralization is heavily oxidized to depths of at least 610m (2,000ft) below the top of the ridge line.

A Plan of Operations is in place, which covers part of the Property and entitles an operator to pursue surface exploration (totaling 189 acres), underground mining of up to 365,000 tons per annum and certain infrastructural works. A more complete description of the Property’s geology and mineralization, including at the Wabash area, can be found in the NI 43-101 Technical Report on the Prospect Mountain Property, Eureka County, Nevada, USA dated and with an effective date April 10, 2023, prepared by David Pym (MSc), CGeol. of LTI Advisory Ltd. and Dr. Toby Strauss, CGeol, EurGeol., of Merlyn Consulting Ltd., which has been filed on SEDAR+ at www.sedarplus.ca under the profile of the Company and on the Company’s website.

Review by Qualified Person

Mr. David Pym, CGeol., Consulting Geologist for the Company, is the Qualified Person (QP), as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, who has reviewed and approved the scientific and technical disclosure in this press release. The Qualified Person has not reviewed the mineral tenure, nor independently verified the legal status and ownership of the Property or any underlying property agreements.